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tv   Asia Business Report  BBC News  January 10, 2024 12:30am-12:46am GMT

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hello and welcome to asia business report. i'm mariko oi. we begin with bitcoin and how a fake post by the official social media account of the us securities and exchange commission sent the crypto—currency�*s price for a ride. it was posted on the sec�*s x account, claiming that the commission had approved an eagerly—awaited financial product. that was followed moments later by another tweet saying the account had been compromised and the news was fake. here's more from our business correspondent erin delmore. if you're in the crypto world or curious about getting into it, then a spot bitcoin etf has been on your radar that would enable people to bet on bitcoin�*s gains and losses even if they don't own any bitcoin themselves. us regulators are widely expected to approve
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the new exchange traded funds this week. so when a tweet was posted from the sec gov account saying essentially that it was noteworthy, it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and that the regulator had not yet approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a graphic with a quote claiming to be from chair gensler. a second tweet that only said dollar sign btc bitcoin�*s ticker symbol, was also posted, then almost immediately deleted. for bitcoin�*s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news, then fell back down toward 16,000 with reality. tesla has lowered driving—range estimates across its line—up of electric vehicles. it comes as a new regulation takes effect in the us with the goal of ensuring that auto—makers accurately reflect real—world performance.
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according to a reuters investigation last year, tesla has historically issued range estimates that overstate what its cars can deliver. the social media giant meta says it will hide more content from teens on instagram and facebook. in a blog post the company said all teens will now be placed into the most restrictive content control settings on the apps and additional search terms will be limited on instagram. meta is under pressure both in the united states and europe over allegations that its apps are addictive and have helped fuel a youth mental health crisis. now to the growing fallout from the mid—flight incident involving a boeing 737 max nine plane on friday. the ceo of boeing has publicly acknowledged that the company had made mistakes, saying it would work with regulators to make sure it "can never happen again." hundreds of flights have
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been cancelled in the us after airlines were ordered to ground and inspect their boeing 737 max nine planes. let's bring in greg waldron from aviation news website flightglobal. it is an impact for the airlines involved and airline customers are having to customers are having to scramble to fill that capacity but the greater impact is on boeing, 2023 was it your we saw boeing, 2023 was it your we saw boeing start to recover from the pandemic as well as the previous 737 crisis, 2024 was supposed to be the year that boeing got its mojo back, so this is a black eye. figs boeing got its mojo back, so this is a black eye.— this is a black eye. as he said, this is a black eye. as he said. the _
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this is a black eye. as he said, the company - this is a black eye. as he said, the company do - this is a black eye. as he | said, the company do you this is a black eye. as he - said, the company do you see companies like them having more market issues because of it? airbus is having a strong run, there a tree —— a 23 product competes with a 737, its engine version has had good entry into the service and for other airlines have a longer—range boeing has nothing that competes in that segment so airbus has been able to steal a march on boeing in this case. 0ther march on boeing in this case. other competitors aren't that far behind they haven't produced many aircraft. how lona will produced many aircraft. how long will the _ produced many aircraft. how long will the inspection - long will the inspection continue?— continue? with that a manufacturer - continue? with that a manufacturer and - continue? with that a manufacturer and if i continue? with that a _ manufacturer and if maintenance issue, that the drill down and find exactly what happened
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because the last thing we need is for another issue to worker, and they'll be working hard to figure out exactly what happened and take proper steps to make sure he doesn't. the world bank has warned that the global economy is set to grow at its slowest pace since the pandemic. it has forecast growth ofjust 2.4% in 2024 and stated higher interest rates were a major factor. according to the bank's chief economist, indermit gill, slower growth will leave may developing countries — especially the poorest — "stuck in a trap". inflation was a big topic around the world in 2023 , but according to the international monetary fund, it's been lower than average, and part of the reason is less demand for goods and services post—pandemic.
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krishna srinivasan heads the asia pacific division at the imf and earlier he told me he expects inflation in asia to come within central banks' targets by the end of the year. as you know inflation around the world was rising since 2020 including asia—pacific when it went up it didn't go up by much and it is common on pfizer in asia than other parts of the world. for instance, injapan there been issues. what we expect is for to officially account for around 2.7% and arrive at central targets. japan has long been known for its relentless work culture, where employees are reluctant to go
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on holidays and almost never leave the office before their bosses do. yet for more than 50 years, japan has ranked the lowest in employee productivity among the g7 group of advanced economies. 0ur tokyo correspondent shaimaa khalil found that some workplaces are trying to do things a little differently. japan's salaryman and its notorious rush hour have become symbols of this workaholic society. pressure and expectations are so intense on employees here that the country coined the expression carucci or death from overwork. and yet, for decades, this relentless hard work hasn't translated into overall productivity. this small company, however, is the opposite of anything you imagine. ajapanese workplace would be makhura, which means pillow has a power nap policy. the company not only makes and sells pillows, it also encourages the employees to use them at work. i can't quite believe i'm saying this, but this
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is the most relaxing office space i've ever been in. and the secret is this. i'm speaking softly because employees around me are taking their naps for the day and i'm about to do the same. i'll be honest, it wasn't easy for me to doze off there. but after his 20—minute nap, naoki taguchi told me how this helps him work better. in the afternoon, especially after lunch. i get sleepy and i'm not as focused. i also have to pick up my children from preschool so i can't stay longer for overtime. i need to be more productive within the limited time that i have. so for me, napping is important. it helps me work more efficiently. some coworking rental spaces have also caught on the idea. here you can pay for a space to work or rest using the space—like energy pod, the whole thing. i'm not sure what it is,
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but it's still difficult for most japanese people to take naps at work. it still feels very wrong, like they're slacking off. i wanted to solve that issue. i think here it may be easier for someone to take nap among people they don't know. 0ne japanese manufacturer has even addressed the issue of space or lack thereof. it may look like a phone booth, but this is the giraffe nap pod where you sleep standing up. translation:. i use it once every day, but i try to let my employees use it too, during their lunch break. by standing up, you take some load off your back. i always tell my friends i can sleep anywhere, even standing up. this is the first time i'm actually doing it. one big challenge facing the power nap champions is society's reluctance to change. tempting as it is, dozing off even for a little bit, still feels like a big leap forjapan�*s infamous work culture.
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shaimaa khalil, bbc news, tokyo. apple has announced its long—awaited vision pro headset will go on sale on february two in the united states. us customers have been given the option to pre—order the nearly $3,500 mixed—reality device from mid—january. it is the first major new product to be released by the firm since the apple watch launched in 2015. and that's it for this edition of asia business report. thanks for watching. bbc news bringing you different stories from across the uk. this agricultural land between wetherby road and the river wharfe could be the site of a new housing development in tadcaster. peter is one of around 300 campaigners against the plan, so this piece of land here covers 35 hectares
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and gladman developments are proposing to build over 400 houses on it. the water levels are gradually seeping up onto this land, which would be a disaster to build on. i think it would definitely make the flooding issue worse because they are going to concrete over what is now wetland which can drain through, whereas houses it doesn't drain through, it willjust run off. you can see today it's . completely underwater. so i don't know how- they would propose to build pathways because presumably they would get washed - away on an annual basis. gladman developments declined an interview, but say the planning application for the ii arches development follows over a year of consultation and that there will be measures to manage surface water and increase flood resilience. and all built development is located in a flood zone, one identified by the environment agency as areas of low risk. for more stories from
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across the uk, head to the bbc news website. hey, i'm ellis with the catchup. tonight, the hottest year on record, a missing dog returns, and the actress who dashed 150 miles to save the day. our top story first, 2023 was the hottest year on record, climate scientists say. with an increase in global temperatures coming close to crossing the critical 1.5 degrees celsius above pre—industrial levels. scientists say records have tumbled like dominoes and it's likely temperatures exceeded those any period, at least for last 100,000 years. heat waves, droughts and wildfires have all intensified across the planet. but its recent temperature boost is mainly linked to the rapid switch to conditions known as el nino where warmer surface waters
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in the east pacific ocean release additional heat in the atmosphere. it's happened on top of a long—term human caused warming. some good news now. a teesside actress saved the day after travelling more than 150 miles to perform a lead role in the musical evita down in leicester after its leading lady and understudy both became ill. jessica was on stage just hours after being asked to help out. i literally, i was at home and i just got out with the bath. i had my hair in a towel. i received a textjust saying, "hi there, happy new year. we are struggling to have an evita today as our actresses
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are sick who normally play it. and would you be up forjumping in the car and coming to help"? time now for ten seconds of a wandering dog returning home. mel lambert, springer spraniel�*s disappearance sparked a 16 hour research in cumbria. hundreds of people helped with some using drones and thermal imaging cameras. despite all the efforts. he wandered home alone hours later. you're all caught up. ciao for now.
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hello and welcome along to sports day. i'm sarah mccammon. advantage middlesbrough in the english league cup — they'll take a slender lead into the second leg of their advantage middlesbrough in the english league cup — semi final clash with chelsea we'll have the latest from the snooker masters alexandra palace where the defending champion edged through his first round match and we'll find out how yorkshire county cricket club's
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takeover offer by a consortium headed up by its former

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